Blockchain Application

Description

This webcast will help you understand the potential of blockchain by diving into the blockchain structure and functionality. You will begin to navigate the practical aspects of blockchain applications and use cases by looking into Ledgers, transactions and Smart Contracts.

In addition, this webcast will help you understand the current blockchain landscape which will help you begin thinking about business applications and financial control considerations associated with blockchain use. This webcast will focus on responsibilities, process and technical controls. The interactive exercises weaved throughout will help you translate this understanding into relevant business application and value.

Learning Objectives

Recognize the elements of permissioned and permissionless ledgers and their associated benefits and risks

Identify the components of security models for both types of blockchains and the continuum where other blockchains reside

Recall access control mechanisms, the importance of decoupling and segregation of duties and optimizing decentralization

Identify the characteristics of hybrid blockchains and blockchain-as-a-service

Recognize the governing concepts behind transactions and fees in different blockchain use cases

Differentiate between the unused transactions output (UTXO) model and the account model

Distinguish between transaction throughput and confirmations

Recall how smart contracts differ from traditional contracts

Recall how cryptocurrencies can be researched via market capitalization sites

Identify the different types of cryptocurrency exchanges including the risks and benefits

Recall the value proposition of initial coin offerings.

Distinguish the elements of the general cryptocurrency taxonomy

Identify the different approaches to applying blockchain technology to create new business solutions

Identify system and organization controls (SOC) and how they relate to blockchain

Identify how to verify important process controls with blockchains and cryptocurrency

Recognize technical controls associated with blockchain and the need for expert teaming

Recognize the limitations of verification with transactions

Identify the fundamental and changing roles of the CPA when interacting with blockchain technologies